The Actuarial Profession is changing, and so are we. As actuaries move into newer roles in addition to the traditional roles, there is a need for students to have the clarity of what exactly is actuarial sciences, why should they become an actuary and what does it take to become an actuary. Typically an Actuary uses financial and statistical techniques to solve real business problems, particularly that involving risk management. But what sets them apart from their counterparts in other professions is the natural mathematical, economic and statistical aptitude, awareness and the ability to apply these to situations in the real financial world. When a student becomes a member of the Institute of Actuaries of India, he already possesses some of the skills required to make him an excellent actuary someday. As he takes one exam after another, he acquires the skills that make him a successful actuary. It takes a lot of patience, grit and determination to get there and when you are there, financial success is just incidental.
Any person who enrolls himself for examination of the Institute, and possesses such qualifications as is specified, is admitted as a student member of the Institute on such terms and conditions as is specified.
Applicants are allowed to take admissions through below 2 routes:-
- ACET –Details
- Announcement for Online Admission Process
- Student Membership Form | Note on Validity of ACET Result
- Non-ACET Eligibility Criteria - Institute has enhanced the criteria for IAI Student Membership and the following qualifications are considered in lieu of ACET Examination:
- Fully qualified members of the Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India
- MBA in Finance (Minimum 60% or equivalent grade)
- IIM Graduate
- Bsc/Msc in Actuarial Science from reputed Institute/ Colleges
- B.E from reputed Institute (Minimum 60% or equivalent grade)
- IIT Graduate
- Fellow Member of Insurance Institute of India
- Passed two papers from other actuarial bodies’ i.e.
- Institute and Faculty of Actuaries (IFoA)
- Society of Actuaries (SOA)
- Casualty Actuarial Society (CAS)
- The Actuarial Society of South Africa (ASSA)
- Institute of Actuaries of Australia (IAAust)
- Qualified 1st year Bsc.,Msc. Actuarial science from Amity University
- Graduation and Post-graduation diploma in Actuarial Science (PGDAS) from Gujarat University
- Graduation and Post-graduation diploma in Actuarial Statistics
- Bcom in Actuarial Management Affiliated to Bharathiar University
- Bachelor of Statistics (Honours) [B Stat (Hons)] from Indian Statistical Institute
- Bachelor of Mathematics (Honours) [B Math (Hons)] from Indian Statistical Institute
- Master of Statistics [M Stat] from Indian Statistical Institute
- Master of Mathematics [M Math] from Indian Statistical Institute
- Master of Science in Quantitative Economics [MS (QE)] from Indian Statistical Institute
- Master of Science in Quality Management Science [MS (QMS)] from Indian Statistical Institute
In view of this, a person is eligible for admission if he/she satisfies any of the above criteria.